The Austrian company Palfinger has started the construction of a factory in Niš where it will produce parts for cranes and where it will employ 375 people until 2027.
It is an investment worth more than 35.5 million euros, and production should start in 2024.
The beginning of the works in Niš was attended by the President of Serbia Aleksandar Vučić, the Minister of Economy Slobodan Cvetković, the Minister of Construction, Transport and Infrastructure Goran Vesić and the Mayor of Niš Dragana Sotirovski.
Vučić said that he expects Palfinger to open a development and research center in Niš. He stated that Palfinger was given a subsidy of 4.6 million euros from the Serbian budget for the opening of the factory in Niš.
“Salaries at the Palfinger factory will be higher than the average in Serbia,” he said. He added that he believes that the Austrian company will operate in Serbia for tens of years and attract new investors.
The director of Palfinger, Andreas Klauser, said that in Niš the company received good conditions for business and quality workers. Austrian Ambassador Christian Ebner pointed out that Austrian companies in Serbia employ 24,000 employees and are expanding their business.
Palfinger is an international technology and engineering company and the world’s leading manufacturer and provider of innovative solutions for cranes and lifting systems, with approximately 12,500 employees at 30 locations worldwide.
Sign up for business updates & specials.
